Klondex Mines Ltd (KLDX) Receives Average Rating of “Hold” from Analysts

Shares of Klondex Mines Ltd (NYSEAMERICAN:KLDX) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $5.75.

A number of equities research analysts have commented on KLDX shares. BidaskClub cut Klondex Mines from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. HC Wainwright reissued a “buy” rating and set a $6.25 price target on shares of Klondex Mines in a report on Friday, October 20th. Zacks Investment Research raised Klondex Mines from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a report on Friday, July 21st. ValuEngine cut Klondex Mines from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Finally, Canaccord Genuity raised Klondex Mines from a “hold” rating to a “buy” rating in a report on Monday, September 18th.

Klondex Mines (NYSEAMERICAN:KLDX) opened at $2.19 on Wednesday. Klondex Mines has a twelve month low of $2.16 and a twelve month high of $5.91.

TRADEMARK VIOLATION WARNING: “Klondex Mines Ltd (KLDX) Receives Average Rating of “Hold” from Analysts” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this article on another domain, it was illegally copied and republished in violation of international copyright legislation. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/11/15/klondex-mines-ltd-kldx-receives-average-rating-of-hold-from-analysts.html.

In related news, Director Blair Albert Schultz purchased 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was bought at an average price of $3.17 per share, for a total transaction of $79,250.00. Following the completion of the transaction, the director now owns 113,333 shares in the company, valued at approximately $359,265.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 36,000 shares of company stock valued at $103,890.

Several large investors have recently made changes to their positions in KLDX. JPMorgan Chase & Co. boosted its position in shares of Klondex Mines by 81.6% during the first quarter. JPMorgan Chase & Co. now owns 286,805 shares of the basic materials company’s stock valued at $1,116,000 after buying an additional 128,863 shares during the period. Morgan Stanley boosted its position in shares of Klondex Mines by 27.5% during the first quarter. Morgan Stanley now owns 2,013,268 shares of the basic materials company’s stock valued at $7,831,000 after buying an additional 434,225 shares during the period. Renaissance Technologies LLC boosted its position in shares of Klondex Mines by 190.0% during the first quarter. Renaissance Technologies LLC now owns 891,101 shares of the basic materials company’s stock valued at $3,471,000 after buying an additional 583,801 shares during the period. Paloma Partners Management Co purchased a new position in shares of Klondex Mines during the first quarter valued at approximately $303,000. Finally, Strs Ohio purchased a new position in shares of Klondex Mines during the second quarter valued at approximately $172,000.

About Klondex Mines

Klondex Mines Ltd is a Canada-based gold and silver mining company. The Company focuses on exploration, development and production of over two gold and silver projects in north central Nevada, being the Fire Creek mine located in Lander County, Nevada, the Midas mine and ore milling facility located in Nevada.

Receive News & Ratings for Klondex Mines Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Klondex Mines Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply